Wall Street: Fresh Impulse of Exchange Competition

BTC/USD

Key zone: 114,000 - 117,000

Buy: 117,200 (on strong positive fundamentals); target 120,000; StopLoss 116,500

Sell: 113,500 (on a strong breakdown of 114,500 level) ; target 110,000; StopLoss 114,200

SEC Chairman Paul Atkins and acting CFTC Chair Caroline Pham almost simultaneously declared the need to reform U.S. exchange rules. The new Trump administration is betting on innovation and deregulation of financial operations, demanding decisive action.

Regulators are considering a shift to continuous trading, the legalization of new cryptocurrency instruments, and the creation of universal trading platforms where investors can perform any operation—from buying stocks to betting on election results.

Round-the-clock trading first appeared on Wall Street 154 years ago, but since 1985 U.S. exchanges have operated only during fixed weekday hours. The new generation of investors doesn’t understand why crypto can be traded 24/7, while traditional markets remain restricted.

Super Platforms and New Risks

The idea is to create trading apps combining stocks, cryptocurrencies, commodity derivatives, and even prediction markets. Crypto exchanges have long offered this functionality. But such “super software” could turn into a monopoly, with tax authorities gaining full access to clients’ transactions.

Regulators are also discussing the legalization of new types of derivatives, such as perpetual futures—“everlasting contracts” that traders can hold open as long as they maintain margin. These products have become standard in Asian markets (Binance, OKX, Bybit), while still banned in the U.S. As a result, American traders move their capital to offshore exchanges.

Market in Anticipation of Reform

The new SEC and CFTC rules would level the playing field between digital assets and traditional instruments. Investors gain broader opportunities, crypto firms face legal competition, and banks and hedge funds are forced to adapt their strategies.

Such reform may take years, but ultimately crypto traders may gain the upper hand. The U.S.’s future as a global financial hub now depends not on capital but on regulators’ determination to adapt to the digital era.

Let’s see what comes out of it.

Profits to y’all!